• Bitcoin’s holiday rally brings it close to $100K, fueling speculation and heightened volatility.
• Leverage and market sentiment is critical as BTC ($87,612.00) navigates liquidation zones and key price levels.

Bitcoin [BTC] delivered a holiday surprise this Christmas, surging to a remarkable $99.8K and reigniting trader optimism for a potential breakout above $100K.

As it edges closer to this critical psychological and technical level, market participants are bracing for heightened volatility.

Above $100K lies a pivotal liquidation zone for short positions, where a breach could ignite a rapid rally toward $110K.

However, the path is fraught with risks, as the $90K level below represents a precarious support that, if tested, could trigger significant liquidations of long positions.

Bitcoin’s ability to navigate these levels will define its trajectory as it closes the year with unprecedented momentum.

BTC’s performance — A holiday miracle! 

Bitcoin’s surge to $99.8K on Christmas marked a pivotal moment in the final quarter of 2024, with both social sentiment and price dynamics aligning to push the cryptocurrency closer to the psychological $100K threshold.

On the 25th of December, mentions of $100K surged alongside Bitcoin’s price, showing the psychological importance of this level.

Traders’ focus has also...